Fed Powell: It may make sense to move rates higher at more moderate pace

Fed Q&A testimony has begun:

• Level for rates and speed of hikes are separate
• It may make sense to move rates higher, at more moderate pace
• Fed is now moderating the pace of rate hike's
• banking regulation Regulation Regulation is a key attribute of any forex broker in the retail industry. When investing money with a brokerage it is important to first see if they are regulated as this affords several client protections and safeguards.The financial services industry is tightly regulated to help prevent illicit behavior and manipulation. This is not unlike any other industries with a high net worth, that rely on transparency.Each asset class has its own set of protocols put in place to combat their respective Regulation is a key attribute of any forex broker in the retail industry. When investing money with a brokerage it is important to first see if they are regulated as this affords several client protections and safeguards.The financial services industry is tightly regulated to help prevent illicit behavior and manipulation. This is not unlike any other industries with a high net worth, that rely on transparency.Each asset class has its own set of protocols put in place to combat their respective Read this Term should be transparent, consistent not too volatile
• capital is central to banking regulation

The dollar is starting to move lower. The testimony has been rather subdued so far. The Fed chair did imply a slowing of the pace of hikes which is consistent with the skip seen at the last meeting.

The EURUSD has extended to new session highs. The trading range has increased to 51 pips versus 28 pips. The average of the last month has been around 68 pips. The GBPUSD GBP/USD The GBP/USD is the currency pair encompassing the United Kingdom’s currency, the British pound sterling (symbol £, code GBP), and the dollar of the United States of America (symbol $, code USD). The pair’s rate indicates how many US dollars are needed in order to purchase one British pound. For example, when the GBP/USD is trading at 1.5000, it means 1 pound is equivalent to 1.5 dollars. The GBP/USD is the fourth most traded currency pair on the forex exchange market, giving it ample liquidity a The GBP/USD is the currency pair encompassing the United Kingdom’s currency, the British pound sterling (symbol £, code GBP), and the dollar of the United States of America (symbol $, code USD). The pair’s rate indicates how many US dollars are needed in order to purchase one British pound. For example, when the GBP/USD is trading at 1.5000, it means 1 pound is equivalent to 1.5 dollars. The GBP/USD is the fourth most traded currency pair on the forex exchange market, giving it ample liquidity a Read this Term is also moving higher and away from its 200-hour moving average 1.26852. The USDCHF that is just broken below its 100-hour moving average of 0.89534.

• Our US banks are strongly capitalized